Good morning USOIL traders! My idea today is based on the 15 minute chart. We are still in a long term consolidation, I believe. With that said, looking at Stoch RSI being at the peak and crossing, and Money Flow high, probably ready to switch over, it appears like we have an opportunity for a small short. Looking to get in at $55.00-$55.20 range and expecting to see a drop to around $54.20. Let's see what happens. Always remember to trade responsibly!
Trade closed: target reached
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Very nice trade today! Sold at $55.32 and closed the short at $54.32. I wish every day was like this!